The multirotor uav market research report categorizes the global market on the basis of application, payload, and geography for the forecast period from 2015 to 2020. The application segment categorizes in to business & commerce, law enforcement, environmental inspection, aerial shooting, and defense applications. The report highlights the market size and the market share for these applications, of which aerial shooting application contributes maximum share; whereas, law enforcement and business & commerce have highest growth rate.

Regional and country-wise segmentation of each product considered in the multirotor uav market are is detailed in this report along with the recent industrial, technological, and market trends for multirotor uav in each region and country. The key drivers, restraints, and challenges affecting this market are also highlighted in this report.

The regional analysis offers the market share and size for the major regions of North America, Europe, APAC, the Middle East, Latin America, and Africa. Wherein, the multirotor uav market is majorly acquired by North America and APAC region. During the forecast period, the market share for the regions of Africa and the Middle East is estimated to grow at a high CAGR.

This report covers the competitive analysis of the multirotor uav market based on the upcoming developments in each region of the world. It provides the opportunity analysis of the various products in this market, based on their present status in this market and their growth rate.

The future of the multirotor drones market will be dominated by business & commerce applications. However, the multirotor drones will be used significantly in defense as well as law enforcement applications.

The major companies involved in the manufacturing of multirotor uav market are AeroVironment, Inc. (U.S.), Israel Aerospace Industries (Israel), DJI Innovations (China), 3D Robotics (U.S.), and Microdrones GMBH (Germany), dominates this market and they are expected to strengthen their market positions across the globe during the forecast period. Aibotix (Germany), Coptercam (Australia), Draganfly Innovations (Canada), Aeryon Labs (Canada), and Cyberhawk Innovations Ltd. (U.K.), are the other significant key players in the market.

The global multirotor drones market is estimated at USD 840.2 Million in 2015 and is projected to grow at a CAGR of 22.2% from 2015 to 2020, to reach USD 2.28 Billion by 2020. The high efficiency and reliability of drones and their capability to perform or function in all types of environments are among the major drivers for the growth of the multirotor drones market.

On the basis of geography, the multirotor drones market has been segmented into North America, Europe, Asia-Pacific, the Middle East, Latin America, and Rest of the World (RoW). The global market is dominated by the North American region, while the market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period. This rapid growth of the APAC market can be attributed to the increasing commercial use of multirotor drones in the region.

Advances in the commercial and military technologies are rapidly increasing the capabilities of low-cost drones, enabling them to carry out missions that are comparable to the larger UAVs at a considerably lesser cost and risk. A tremendous opportunity lies in the drones market and its use for several innovative applications. However, the FAA regulations, regulatory policies and air traffic management pose great challenge to the multirotor drones market.

Drones are flexible to applications depending on the payloads attached. The various types of payloads that can be attached include sensors, cameras, Chemical, Biological, Radiological, and Nuclear, (CBRN) sensor, HD transmission system, and several others. There are different types of sensor payloads such as electro-optics, surveillance, and laser designators, amongst others. These payloads have increased the capability and efficiency of drones for all possible missions. However, the market is currently being restrained, largely by the lack of skilled and trained pilots and the strict airspace regulations. However, in future, regulatory changes and relaxation in government regulations on flying drones are expected to increase the huge potential of this market. Due to terrorist attacks, the drones spending across the globe has gained critical importance. The U.S., Europe, and Israel are the major players in this market.

The growth of this market has been primarily triggered by the low operational and maintenance costs, along with the highly improved performance of drones for law enforcement missions. The rise in research, procurement, and use of drones over the past decade has seen significant advancements and innovations, primarily with respect to payloads.

AeroVironment (U.S.) is estimated to hold highest market share in 2015, followed by major players such as 3D Robotics (U.S.), Israel Aerospace Industries (IAI) (Israel), and DJI Innovations (China), among others.